Carmen Adriana

Carmen Adriana, 21, is single and has a son; she lives with her parents and her son in Ventanas in Los Ríos Province.

Carmen teaches classes in a school because she’s employed as an elementary school teacher. She’s asking for the loan to buy living room furniture, shelves and a dining room set. With help from the loan she will be able to improve her lifestyle. She will make the purchases in Ventanas.

Her dream is to be able to buy a house. The challenge she faces is that her students learn well which is why she’s constantly taking courses. In her free time she enjoys playing with her son.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!